Skip to main content

About your Search

Search Results 0 to 1 of about 2
Dec 27, 2012 3:00am PST
geithner warned the government would hit its legal borrow i borrowing limit i limit by monday. geithner says the treasury will be forced to take, quote, extraordinary measures to keep paying the bills. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise can't be reached by next week on those big unanswered issues. with both sides locked in the standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts and incomes below $250,000, prolong unemployment benefits, and delay those sweeping spending cuts. sam stein. >> yes. >> what happens in -- and it appears it will happen -- we go off the fiscal cliff for a few days? >> not much, is my understanding. kwb, over time, it will have much more of an impact, and it's unknown exactly what the market's psyche will do with respect to the government's inability to come together. with respect to the tax hikes, it won't be as bad as the rhetoric is suggesting early on. whether it's enough to actually get people to
Dec 28, 2012 3:00am PST
to see i increase my interest because these guys can't run a government, you're looking at going toward a recession where we're playing politics in washington. this is very serious. this is not just beltway rhetoric here. i think that people need to understand to the point of calling their congressional representative in outrage today saying, we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that it will be all right a week or two or three or four. we start to go down that cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. >> maybe. >> you got na smirk on your face. >> maybe. i agree with the reverend that they're playing politics with livelihoods, because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic, immediate impact of it. what we could get -- this is a possibility, and i'm trying to be optimistic because it's towards the end of the year. it's been crummy for a lot of people. we could get a deal the third week of january where
Search Results 0 to 1 of about 2